Corus Entertainment (TSE:CJR.B) Stock Price Down 14.3% – Time to Sell?

Corus Entertainment Inc. (TSE:CJR.B) shares fell 14.3% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 111,688 shares were traded during trading, a decline of 38% from the average daily volume of 180,480 shares. The stock had previously closed at C$0.04.

Corus Entertainment Trading Down 14.3%

The firm has a market cap of C$5.98 million, a price-to-earnings ratio of -0.02, a price-to-earnings-growth ratio of -0.61 and a beta of 1.49. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 254.56. The business has a 50 day moving average price of C$0.03 and a 200-day moving average price of C$0.03.

Corus Entertainment (TSE:CJR.B) last released its quarterly earnings results on Friday, June 26th. The company reported C($0.15) earnings per share for the quarter. Corus Entertainment had a negative return on equity of 1,490.58% and a negative net margin of 51.98%.The company had revenue of C$249.36 million during the quarter. As a group, research analysts expect that Corus Entertainment Inc. will post 0.0540541 EPS for the current fiscal year.

About Corus Entertainment

Corus Entertainment Inc is a media and content company that operates in the diversified media industry. The company has two business segments, which includes television, and radio. The television business segment has a portfolio of television channels. The radio business segment controls a number of stations that cater to both the music, news, and talk radio markets. The company generates the vast majority of its revenue in Canada.